A-shares fluctuate丨The solar energy stocks collectively rose, Sungrow Power Supply increased by over 6%, and Shanghai Aiko Solar Energy rose by 3%.

On May 12, Gelonghui reported that A-share photovoltaic stocks collectively rose, with the leading company Sungrow Power Supply increasing over 6%, Shouhang New Energy rising 4.3%, Deye Shares up 3.8%, and Shanghai Aiko Solar Energy, Jiangsu Goodwe Power Supply Technology Co.,Ltd., and Daqo Energy all rising by 3%. According to a research report from CSC, as indicated by the 2024 annual reports and 2025 first quarter reports, the profitability of the photovoltaic industry has significantly declined. However, the current research report believes that the bottom of the photovoltaic industry's financial statements has already appeared, and the substantial impairment of fixed assets in the fourth quarter, along with the impact of anti-dumping duties in Southeast Asia in the first quarter, has been reflected in the financial statements, indicating a low probability of further deterioration in profitability. Regarding production capacity, the industry's willingness to ramp up production has noticeably decreased due to low profitability, and the growth rate of fixed assets is expected to decline significantly over the next year, while the existing production capacity remains significantly higher than demand. The report emphasizes that the industry should focus on upstream inventory reduction and the pace of capacity clearance. Currently, there is still a certain technological iteration in the Battery segment, and companies with cash tightness will be unable to proceed with TOPCon upgrades or BC capacity construction. TOPCon capacity that cannot be upgraded will gradually find it difficult to obtain orders and will be eliminated from the market, thereby achieving capacity clearance in the Battery segment. (Gelonghui)